I usually use medium/long term data to understand what's going on. If we look to last 3 months of USDT/BTC transactions volume we have peaks for each dip, and stable volumes for enforcement phases. USDT has a bigger volume respect of USD, but if we look USD transaction this analysis is even stronger. On one side this is obvious: when you have to collect earnings after a good market period you're fast to sell, in other phases you're slower to buy. But it's clear that there's a strong propulsion over there, and that many market actors (biggest or smallest) are always ready to buy the dip and hodl for a while. So I think that BTC will give some other surprises in 2021
No comments yet